1/158 Derwent Avenue, Lindisfarne TAS 7015

Ground-floor unit with views | renovated interiors | current lease to September | bushfire overlay present This property presents a competitively strong offering for its renovated condition and elevated outlook, a combination rare in the ground-floor unit market. The modernised kitchen and bathroom, coupled with double-glazing and multiple heating sources, signal a low-maintenance holding. It serves an investor seeking immediate yield with a sitting tenant, or an owner-occupier prepared to wait for possession, valuing the light-filled aspect and Mount Wellington vista. Decision hinges on the bushfire overlay’s specific construction and insurance implications, a due diligence cost. The current lease provides income certainty but limits owner-occupier access. At the listed level, the price reflects recent market peaks. The commercial logic is clear for a yield-focused buyer; an owner-occupier should verify if the premium for views justifies the overlay constraints and delayed occupancy. Recent comparable sales data is limited, with the unit itself last selling for $635,000 in 2023. This establishes a firm price anchor, indicating the vendor’s current asking price seeks growth from that recent purchase. Buyers must assess if the renovations and market movement since 2023 justify the increase.